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ah tan ,
u missing in action for a long long time
ah sam was beri concern and worry
he kept asking what happened to u.
please explain y u absent for so long
communist China will rule the world by its great money power. the western countries really are bankrupt. really unthinkable 30 years ago. it's a strange world.
they are bankrupt morally and financially.
the system was abused by those evil greedy scums
the stock exchange is set up to facilitate trading of shares and
for company to raise money through IPO
then the scums came along and allowed trading in shorts and longs.
hedging is originally used by farmers and buyers to reduce loss due to
price fluctuation.
scums have turned this into a gambling business.
sumitomo copper trade on LME is good example.
nowadays you can even trade without owning any asset.
scums trade oil derivatives without owning a single drop of oil
or taking any delivery.
scums invented rules to suit their agenda.
banks are allowed to sell you gold even though the banks
do not have the physical gold.
they coined the name for tis as paper gold.
the purpose is to control the price of real physical gold.
in the good days , banks provide a simple essential service to the community
collecting deposits , making loans , transfer of $$.
tis kind of business does not make alot of $$$ for the bank.
banks become players in the derivative market as an intermediaries
[selling and buying on behalf of clients] and at the same time actively
involve in proprietary trading. [an obvious conflict of interest]